Washington C.H. Residential Rental Properties
Ends: 06/04/20 at 7:00 PM EDT
ONLINE ONLY AUCTION
Washington C.H. Rental Properties
Bidding Opens June 2nd @ 10AM & Ends Thurs. June 4th @ 7PM
OPEN HOUSE THURS. MAY 28th 4:00 to 6:00PM
Located: 1020 & 1024 S. Hinde St., Washington C.H., OH, 43160
Tract 1 (1020 S. Hinde St., Washington C.H.): Well cared for 1.5 story single family home of 1,482 sq. ft. on basement. 3 beds (2 beds down, 1 up) and 1 bath. First floor features large master bedroom, kitchen, big living room, and full bath with laundry. 2nd bedroom upstairs. Gas forced air heat and central air, 1 car attached garage. New roof in 2017 and new furnace in 2019. 41′ x 165′ lot with alley to side and rear.
Currently rented at $600/month with good long term tenant. Annual taxes $1,129.88. Month to month tenancy. Tenants pay all utilities. Current expense of owner includes trash pick-up and lawn care. Security deposit of $575
Tract 2 (1024 S. Hinde St., Washington C.H.): Front and rear set up duplex of 1,576 sq. ft. on slab built 1979. All utilities are separate. Each unit 2 beds and 1 bath, open living room and kitchen and washer dryer hook-up in each unit. Property did have fire damage in 2015 with significant damage to rear unit. All professionally repaired/remodeled at that time. Front unit new kitchen and flooring in 2019. Electric heat pumps and central air. All replacement vinyl windows, 100 AMP breaker electric service, new roof in 2017 and new furnace in 2019. .216 acre lot with alley to rear and off street parking in rear.
Each unit currently rented at $500/month. Good long term tenant in rear unit B on month to month tenancy. They have actually paid rent through July which will be prorated to buyer at closing. Unit A at $500/month with 1 year lease expiring 10/31/20, good paying tenants. Annual taxes $1,318.14. Tenants pay all utilities. Current expense of owner includes trash pick-up and lawn care. Fridge & stove in each unit are property of owner and will convey. Security deposits of $500 from each unit.
Notes: A rare opportunity to purchase a true turnkey residential investment property that has been well managed and maintained. All tenants are current and rent as of May—-and would love to stay and keep paying you rent! Buildings are all neat and clean in and in great location on quiet side street. This is perfect property to add to a real estate portfolio or an easy property to get started in the rental business. Do study this offering.
FOR INTERIOR INSPECTION PLEASE MAKE EFFORT TO ATTEND OPEN HOUSE. WE CAN TRY TO SET UP APPOINTMENTS FOR OTHER TIMES WITH TENANTS BUT MAKE NO GUARANTEES
Bidding & Soft Close: Tract 1 will end at 7PM on 6/4/20 with a soft close. If a bid is received in the last 3 minutes of the online auction the auction will be extended another 3 minutes. Closing on tract 2 will also be delayed if bidding on tract 1 is extended. You can bid each time yourself or simply enter a max bid and the auction software will bid competitively up to your maximum. In the event of tied maximum bid the winner will the bid entered first.
Terms on real estate: Each tract will be offered individually and not combined.$2,500 earnest money per tract, closing on or before July 10, 2020. Possession on passing of deed, subject to tenants rights. Bidding will begin at $40,000 per tract and sells with confirmation of owner after completion of bidding–winning bidder will be notified of confirmation evening of sale. Seller is getting out of rental business and very motivated. Taxes, rents will be prorated to the day of closing and any and all back taxes, liens, be paid by seller at closing. Security deposits to be forwarded to new buyers at closing. Only contingency of auction is clear title. Property is being sold AS-IS, WHERE-IS with any and all faults and defect that may be present. By placing bid, bidder signifies that they have physically examined the property to their satisfaction or have chosen not to examine the property. Successful bidder is advised to have title search completed after auction and prior to closing. Title search and title insurance shall be expense of buyer, buyer to choose title company.
Contract and supporting documents will be e-mailed to successful bidder after confirmation of sale. Contract, supporting documents and earnest money check payable to Weade, LLC Real Estate Trust must be received mail or delivery by 4PM on Monday June 8th to Weade, LLC Realtors & Auctioneers Office at 402 E. Court St. PO Box 337, Washington C.H., OH, 43160. If contract and earnest is not received by above date and and time successful bidder authorizes Weade, LLC to charge buyer’s credit/debit card earnest money amount plus a $50 transaction fee and forward earnest money to sellers. To review sample contract and other supporting documents please view documents attached to website. If assistance is needed with online bidding please call Weade, LLC office at 740-335-2210
Debbie Weller Owner,